Top Stories in Australian Home Ownership December 3, 2018

Median residential property prices in Sydney may be officially heading south, but water views and top-notch locations are driving up prices for some sellers.
At the weekend, a tired house in a coveted spot in Drummoyne soared more than $650,000 above its guide price of $2.9 million.
The property, at 29 The Esplanade, sold under the hammer for $3.55 million in fro…

Sydney is lagging behind other world cities in its regulation of Airbnb-style holiday lets, putting lives at risk, claims a growing chorus of industry experts.
While other popular tourist destinations like London, Paris, San Francisco, Vancouver, Toronto and Amsterdam have introduced a compulsory registration system for short-term let properties, the NSW government blocked the measure for its own proposed legislation.
That means, for instance, that theres no way of checki…

Melbournes middle-ring suburbs are seeing a wave ofapartments and townhouses being approved and built with new figures showing more people are planning to live in the blue-chip suburbs.
Approvals in Melbournes middle-ring suburbs had grown by almost 10 per centin 2017-2018 the Urban Development Institute of Australia in Victorias Residential Development Index report shows.
Leading the way wer…

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